The ANZ Low Rate Visa Credit Card is low interest rate credit card with a relatively low interest rate of 13.90% and a balance transfer rate of just 1.99% for 12 months. This card might be ideal for people with significant credit card debt who would get a 12 months reprieve on their transferred credit card debt at a rate of 1.99% pa. Other benefits include no annual fee for 12 months - after the first 12 months the annual fee is $35 pa. If you have significant credit card debt and do not pay off your credit card balance often then this card might be suitable for you.
Main Features
- Purchase Rate: 13.90%
- Cash Advance Rate: 22.95%
- Balance Transfer: 1.99% p.a. for 12 months
- Annual Fee: Get $0 annual fee for the first 12 months after that $35 charged yearly
- Interest Free Days: 55 days*
- Card Reward Details: No Rewards
- Credit Limit: Unknown
Your eligibility for this card would depend on a few criteria listed below. When you apply for the card, ANZ would ask you a few questions about these criteria to determine your eligibility.
- Income
- Expenses
- Debts
- Assets
- Savings
- Investments
Documents Required
In general the following documents are usually required for credit card applications.Proof of Income
One of the following:- your most recent payslip or salary notice
- copies of bank statements that show your pay or salary deposits
- a letter from your employer confirming your income
- an Inland Revenue Department (IRD) “summary of earnings” notice.
- signed financial statements for the past two years
- a signed personal Statement of Financial Position
- your personal tax return.
Proof of Identity
A copy of one or two items from List A. If you provide only one item from List A, you must also provide one item from List B.List A
- Current passport
- New Zealand drivers licence
- 18+ card
- Photo Credit Card
List B
- Most recent bank statement
- Debit card
- Credit card
- Community services card
- Club or society card.